Driven by recently passed legislation, the Motor Vehicle Commission was tasked with implementing a solution that allows electronic submission of required forms and fees. The legislation not only requires the New Jersey Motor Vehicle Commission to implement an electronic lien and title service but also mandates that all lienholders in New Jersey participate in this new electronic program, unless they are otherwise exempt. The new system, whose formal pilot launched in January, allows lienholders financing vehicles in New Jersey to communicate in real time with the New Jersey Motor Vehicle Commission and eliminates the need for those lienholders to hold, manage, and ship secure paper titles.
Tyler and Champ have created a seamless vehicle titling and registration and lien management system that benefits stakeholders including vehicle retailers, lenders, insurance carriers, and residents. Launched in West Virginia in 2021 and in Kentucky earlier this year, New Jersey is the third state to implement the solution.
